The recent escalation in the conflict between Israel and Palestinians started on Saturday, when markets were closed. That might have muted some of the impact on traders, as some of the initial fears of a broader conflict in the Middle East have not panned out. But, the rise of a geopolitical situation like this inevitably does affect the markets, and in particular exchange rates around the global. First Reactions: Inflation? Not surprising for a conflict in the Middle East, the price of crude shot up in the first hours of trading on Monday. Brent shot back up over $88/bbl, but faded some of those gains as the trading ... (full story)